VOL. XXXVI

NO. 24

15-MARCH-1993

Financial and Banking News

REGIONAL BANKING

Faysal Islamic Bank of Bahrain Will Raise Capital; Shows Profits Increase

Manama-based Faysal Islamic Bank (FIB), which is part of the Dar al-Mal al-Islamigroup, is to double its paid-in capital to $100mn. The increase will be handledin two stages. On 9 March the bank's board agreed to issue $10mn in bonusshares. A further $10mn in new shares will be subscribed in a rights issuewithin the next two or three weeks. A final...